New York’s Setai Fifth Avenue to be Rebranded as Langham Place

The Setai Fifth Avenue Hotel, which opened in New York City just two years ago, has been purchased for $229 million by Great Eagle Group and will be managed by Langham Hospitality and rebranded as Langham Place effective Jan. 13.

The 214-room property, which is located at 400 Fifth Avenue, is currently being managed by Capella Group as a Setai hotel. In January, Langham Hospitality Group, a subsidiary of Great Eagle, will take over management of the property. Upon completion of the acquisition, Langham Place will comprise the hotel portion of the mixed-use property. The condominiums at 400 Fifth Avenue range from one-bedrooms to more than six-bedrooms.

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